From Businessweek.com: Home construction likely declined in October with expected decreases in both single-family and apartment construction. Economists with JPMorgan Chase in New York were forecasting that housing construction dropped 5.7 percent to a seasonally adjusted annual rate of 575,000 units in October. The Commerce Department is scheduled to release the new report at 8:30 a.m. Wednesday.
In September, housing construction rose 0.3 percent to an annual rate of 610,000 units after an even bigger 10.5 percent gain in August..............................................Full Article: Source